News Story



UK Manufacturing Production Rises in December

- Output in the UK manufacturing sector grew 0.3% in December, according to figures published on Friday by the Office for National Statistics (ONS).

That was in line with consensus.

The 0.4% rise in November was revised down to a gain of 0.2%.

Industrial production fell 1.3% in December, compared with the previous month, below the consensus forecast for a decline of 0.9%.

November’s reading was revised down to a gain of 0.3%, from the initial 0.4% advance.

On an annualized basis, manufacturing production rose 1.4% in December.

That compared to the forecast for a gain of 1.2%.

In November, manufacturing production rose 3.8% year-on-year, revised higher from an initial 3.5%.

Year-on-year, industrial production was unchanged in December.

Analysts were looking for a 0.3% advance.

The reading came after a 2.6% rise in November that was revised up from 2.5%.

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